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How do you provide a Proof of Funds Letter when you intend to wholesale a property with a listing Agent? Which realtor (i.e. buy, sell, etc.) will most likely request the document? Some forums suggest requesting a POF...
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Hi everyone! Which loans do you find are used the most commonly in the deals that you do. Would love to hear anything you have to say!
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A partner and I are currently evaluating a property that we think is a great opportunity (at the right price of course) for us to fix and flip. Originally, we were thinking come in with cash to purchase, rehab, and th...
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Long story short, my first home was a huge mistake, I was laid off just prior to my first payment being due, and I would like to get out of the house. It's a USDA loan, it's been transferred from BOA to Carrington Mor...
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We are under contract for our first live-in-flip and will be using our current house as our first rental. We are going through the process of screening tenants and have had several people apply. Our current standards ...
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What are everyone's thoughts on what would be a good amount of insurance to carry with four single family rental homes?. We have had a $1 million umbrella policy for many years along with $300k liability on each prope...
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I have a SFH rental property in Everett, WA that I’d like to use for a HELOC. Does anyone have a recommendation for a local bank or CU (or national one for that matter) that offers HELOCs on rental homes? I know they’...
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Team,What is the average applicants score you require and why? Do you change this for lower income applicants/ lower income neighborhoods?I'm using an online screening service that says 650 ◄ (Avg. Renter's score)Thanks
I'm considering buying a note or two with a HELOC. Although I'm generally leaning toward secured 1st position NPNs, it seems like a PERFORMING note (either a 1st or 2nd) would be the best way to leverage it.
As long ...
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Dear BP,it's time for me to move to a new place and I'm thinking about doing some house hacking this time.Since I actually don't own any property where I live (SF Bay Area) and don't expect to do so at least for a whi...